First Horizon Corporation Welcomes Dr. Jeffrey R. Balser to Its Board of Directors

On October 27, 2026, First Horizon Corporation, a prominent financial services entity, announced a significant leadership addition to its Board of Directors. Dr. Jeffrey R. Balser has been elected as an independent director, expanding the board's expertise and enhancing corporate governance.

Background of Dr. Jeffrey R. Balser

Dr. Balser is no stranger to leadership in large organizations; he currently serves as the President and Chief Executive Officer of Vanderbilt University Medical Center (VUMC) in Nashville, Tennessee, and is also the Dean of the Vanderbilt University School of Medicine. His tenure at VUMC has been marked by remarkable growth and transformation, especially since he assumed the role of CEO in 2009. Under his leadership, VUMC has grown substantially, facilitating around 3.5 million patient visits annually and achieving annual net revenues exceeding $9 billion. Moreover, he has considerably expanded the health system's reach, increasing its operational scope from two to five regional campuses and managing a total of seven hospitals with over 2,000 inpatient beds.

Notably, Dr. Balser orchestrated a significant restructuring initiative in 2016, allowing VUMC to function as an independent, not-for-profit corporation, distinct from Vanderbilt University. This restructuring not only solidified VUMC's independence but also set a benchmark for healthcare governance in the region.

His Professional Journey

Before rising to his current position, Dr. Balser held pivotal roles at VUMC, including chair of anesthesiology and chief research officer, where he practiced cardiac anesthesiology and intensive care medicine. His early career included a notable period at Johns Hopkins University, where he spearheaded a research program supported by the National Institutes of Health. Throughout his career, he has been recognized for his leadership in navigating complex healthcare regulations alongside fostering institutional growth.

A Strategic Addition to First Horizon's Board

Bryan Jordan, the Chairman of the Board, President, and CEO of First Horizon, expressed confidence in Dr. Balser's unique skill set, noting that he provides a combination of large-enterprise leadership, financial acumen, and deep community engagement. His extensive background in managing a high-performing health system amidst evolving regulatory frameworks and governance challenges will offer invaluable insights to First Horizon's strategic direction.

John Compton, the Lead Director at First Horizon, echoed similar sentiments, highlighting Dr. Balser's understanding of market dynamics and expertise in risk management and compliance. He believes that these attributes will significantly enhance the board's capabilities, allowing First Horizon to better serve its clients and communities across the Southeast region.

Dr. Balser's Academic Credentials

Dr. Balser is an accomplished academic, holding a Bachelor of Science in Engineering from Tulane University, earned in 1984, and completing his M.D./Ph.D. in pharmacology at Vanderbilt University in 1990.

About First Horizon Corporation

First Horizon Corporation operates with a vision rooted in commitment to clients and communities. With assets totaling approximately $84.3 billion as of September 30, 2026, it stands as a leading player in regional financial services. The company's offerings extend across commercial banking, private banking, consumer banking, and wealth management services, with operations spanning 12 states in the southern United States.

Recognized for its workplace culture and corporate reputation, First Horizon has consistently garnered acclaim from Fortune and Forbes as one of the nation’s esteemed employers and a Top 10 Most Reputable U.S. Bank. For further details about First Horizon and its governance, you can visit First Horizon's official website.